Renesas Electronics to collaborate with Tata Motors (TTM.US) on chip solutions
Japanese chipmaker Renesas Electronics and India's Tata Motors (TTM.US) said Wednesday that the two companies have formed a strategic partnership to jointly design, develop and manufacture semiconductor solutions. Renesas Electronics will work with Tata Motors, India's largest electric vehicle maker, to develop "next-generation automotive electronics" to accelerate the growth of electric and connected vehicles, the companies said in a statement. Natarajan Chandrasekaran, chairman of Tata Indonesia Sons, a holding company of the Tata Group, said, "This collaboration will accelerate our business in these areas in India and globally." According to the statement, areas of collaboration between the two companies include…